Two-Space Office and Restaurant
For Sale
$1,850,000
3861 3865 Jasmine Avenue, Los Angeles, CA 90232
Free-standing building with a 2,000-SF office suite and an 850-SF restaurant space currently occupied.
Property Size2,850 SF
Price / SF$649.12
Days on Market36
Property Features for 3861 3865 Jasmine Avenue
General Information
Standard status
Active
Size
2,850 SF
Property subtype
COMMERCIAL
Additional Details
Office Units
1
Building Details
Building Size
2,850 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Jaleh Azarmi · License #01176352
Source:
Truthrealty
Added: Jun 26
Changed: Jul 30
Last Checked: Jul 30 at 6:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Free-standing commercial building offering two separate rental spaces. One unit is approximately 2,000 square feet and features a flexible layout with five private offices, a kitchen, two large open work areas, and a reception area. The second unit is approximately 850 square feet and is currently occupied by a restaurant.
The 2,000-square-foot space has been previously utilized as a medical office and laboratory, and the floor plan is described as adaptable for a range of professional, medical, creative, research, office, or other commercial uses. The property was built in 1930.
Although the address and ZIP code list Culver City, the property is located within the City of Los Angeles and is generally subject to Los Angeles building, safety, zoning, and regulatory requirements. Offered for sale or lease.
The 2,000-square-foot space has been previously utilized as a medical office and laboratory, and the floor plan is described as adaptable for a range of professional, medical, creative, research, office, or other commercial uses. The property was built in 1930.
Although the address and ZIP code list Culver City, the property is located within the City of Los Angeles and is generally subject to Los Angeles building, safety, zoning, and regulatory requirements. Offered for sale or lease.
Key Highlights
- Two separate rental spaces: approx 2,000 SF office unit and approx 850 SF restaurant unit
- 2,000‑SF unit layout includes five private offices, kitchen, two large open work areas, and reception area
- Restaurant unit is currently occupied
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.3k | $36.96 |
| − Vacancy | −$2.4k | −$0.85 |
| EGI | $102.9k | $36.11 |
| − OpEx | −$25.7k | −$9.03 |
| NOI | $77.2k | $27.08 |
2,850 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.10M
$964.8K – $1.29M
NOI $77,185 @ 7.0% cap · market cap 4.17%
Second Best
Office B
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 3.66%
Theoretical Best
Multifamily LT 5
$57.74M
$50.52M – $67.36M
NOI $4,041,750 @ 7.0% cap · market cap 218.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 90232, CA
16,452
Population
7,995
Households
2.1
Avg Household Size
38
Median Age
64%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
7,478
Density / Sq Mi
$125,490
Median Household Income
$84,701
Median Earnings
$2,659
Median Rent
$1,491,800
Median Home Value
Market
Properties on Market for Office Units in Los Angeles County
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Free-standing building with a 2,000-SF office suite and an 850-SF restaurant space currently occupied.
Where is this office units located?
The property is located at 3861 3865 Jasmine Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two separate rental spaces: approx 2,000 SF office unit and approx 850 SF restaurant unit; 2,000‑SF unit layout includes five private offices, kitchen, two large open work areas, and reception area; Restaurant unit is currently occupied
